National Pension Service Has $206.43 Million Stake in Parker-Hannifin Co. (NYSE:PH)

National Pension Service lifted its stake in shares of Parker-Hannifin Co. (NYSE:PH) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,728 shares of the industrial products company’s stock after purchasing an additional 29,825 shares during the period. National Pension Service owned approximately 0.25% of Parker-Hannifin worth $206,433,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Lansing Street Advisors acquired a new position in Parker-Hannifin in the third quarter valued at approximately $272,000. Nvwm LLC lifted its holdings in Parker-Hannifin by 4.2% in the third quarter. Nvwm LLC now owns 1,752 shares of the industrial products company’s stock valued at $1,107,000 after buying an additional 70 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Parker-Hannifin by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 44,361 shares of the industrial products company’s stock valued at $28,029,000 after buying an additional 160 shares during the period. Clear Creek Financial Management LLC lifted its holdings in Parker-Hannifin by 17.1% in the third quarter. Clear Creek Financial Management LLC now owns 857 shares of the industrial products company’s stock valued at $542,000 after buying an additional 125 shares during the period. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in Parker-Hannifin by 1.1% in the third quarter. Argonautica Private Wealth Management Inc. now owns 4,107 shares of the industrial products company’s stock valued at $2,595,000 after buying an additional 43 shares during the period. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Parker-Hannifin Stock Up 0.3 %

Shares of PH stock opened at $637.21 on Monday. The company has a market capitalization of $81.99 billion, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.57 and a beta of 1.43. Parker-Hannifin Co. has a 12-month low of $399.19 and a 12-month high of $646.60. The firm has a fifty day moving average of $615.46 and a 200-day moving average of $565.22. The company has a quick ratio of 0.55, a current ratio of 0.96 and a debt-to-equity ratio of 0.52.

Parker-Hannifin (NYSE:PH) last released its earnings results on Thursday, October 31st. The industrial products company reported $6.20 earnings per share for the quarter, beating analysts’ consensus estimates of $6.14 by $0.06. The business had revenue of $4.90 billion during the quarter, compared to the consensus estimate of $4.90 billion. Parker-Hannifin had a net margin of 14.47% and a return on equity of 27.95%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $5.96 earnings per share. As a group, equities research analysts predict that Parker-Hannifin Co. will post 26.67 earnings per share for the current fiscal year.

Parker-Hannifin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, November 8th. Parker-Hannifin’s dividend payout ratio (DPR) is currently 29.45%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PH. Evercore ISI increased their price objective on shares of Parker-Hannifin from $620.00 to $656.00 and gave the company an “outperform” rating in a report on Monday, August 19th. KeyCorp upped their target price on shares of Parker-Hannifin from $640.00 to $725.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Barclays upped their target price on shares of Parker-Hannifin from $650.00 to $703.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Robert W. Baird upped their target price on shares of Parker-Hannifin from $695.00 to $710.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Raymond James upped their target price on shares of Parker-Hannifin from $610.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Parker-Hannifin presently has a consensus rating of “Moderate Buy” and a consensus target price of $664.57.

Insider Activity at Parker-Hannifin

In other Parker-Hannifin news, VP Berend Bracht sold 850 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $592.92, for a total value of $503,982.00. Following the completion of the sale, the vice president now owns 3,350 shares in the company, valued at $1,986,282. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Joseph Scaminace sold 1,751 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $589.73, for a total transaction of $1,032,617.23. Following the completion of the sale, the director now owns 3,900 shares in the company, valued at approximately $2,299,947. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Berend Bracht sold 850 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $592.92, for a total transaction of $503,982.00. Following the sale, the vice president now owns 3,350 shares of the company’s stock, valued at approximately $1,986,282. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.39% of the stock is owned by insiders.

Parker-Hannifin Profile

Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The company operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers sealing, shielding, thermal products and systems, adhesives, coatings, and noise vibration and harshness solutions; filters, systems, and diagnostics solutions to ensure purity and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors used in fluid and gas handling; and hydraulic, pneumatic, and electromechanical components and systems for builders and users of mobile and industrial machinery and equipment.